Why Ericsson Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket - Applied Digital (NASDAQ:APLD), Allegro Microsystems (NASDAQ:ALGM)

Shares of Telefonaktiebolaget LM Ericsson ERIC rose sharply in today's pre-market trading following first-quarter results.

Ericsson reported that its first-quarter adjusted operating earnings, excluding restructuring charges, jumped 44% year-over-year to 6.2 billion Swedish crowns ($636 million). Its net sales rose 3% year-over-year to 55 billion crowns during the quarter.

Ericsson shares jumped 6.9% to $7.96 in pre-market trading

Here are some other stocks moving in pre-market trading.

Gainers

Splash Beverage Group, Inc. SBEV rose 99.2% to $2.75 in pre-market trading after declining around 4% on Monday. Synergy CHC Corp. SNYR surged 55.3% to $2.78 in pre-market trading. ARB IOT Group Limited ARBB gained 42.5% to $0.9120 in pre-market after the company secured approximately $53.0 million order for supplying AI servers. SUNation Energy Inc. SUNE rose 17.8% to $0.0338 in pre-market trading after jumping around 28% on Monday. CISO Global Inc. CISO jumped 17.2% to $0.4699 in pre-market trading after jumping 19% on Monday. USA Rare Earth, Inc. USAR surged 16.6% to $13.70 in pre-market trading after gaining 41% on Monday. Lionsgate Studios Corp. LION rose 14% to $7.10 in pre-market trading. LXP Industrial Trust LXP gained 10.7% to $8.50 in pre-market trading. Gamehaus Holdings Inc. GMHS gained 9.5% to $1.46 in pre-market trading after gaining 23% on Monday.

Losers

DiaMedica Therapeutics Inc. DMAC fell 52% to $1.70 in pre-market trading. Unifi, Inc. UFI shares tumbled 37.6% to $3.01 in pre-market trading after gaining around 4% on Monday. GeoVax Labs, Inc. GOVX fell 34.6% to $1.55 in pre-market trading after the company announced it received a notification from Advanced Technology International to stop all work on its efforts with respect to Project Agreement No. 01; RRPV-24-04-NGVx-006; “NextGen Vaccinations: Phase 2B Clinical Trial Execution: Phase 2b study to evaluate GEO-CM04S1 COVID-19 vaccine” United Security Bancshares UBFO shares fell 34.1% to $5.00 in pre-market trading. NAYA Biosciences, Inc. NAYA shares fell 24.7% to $1.70 in pre-market trading. NAYA Biosciences is rebranding as INVO Fertility, and separating fertility and oncology divisions into distinct public and private entities. Emerald Holding, Inc. EEX fell 12.3% to $3.11 in today's pre-market trading. Allegro MicroSystems, Inc. ALGM fell 12.3% to $19.29 in pre-market trading after ON Semiconductor withdrew its acquisition proposal. Arlo Technologies, Inc. ARLO shares dipped 11.7% to $8.01 in pre-market trading. Arlo Technologies will hold a conference call on Thursday, May 8 to discuss the Company’s first quarter results. IRSA Inversiones y Representaciones Sociedad Anónima IRS dipped 11.2% to $12.32 in pre-market trading after gaining around 9% on Monday. Applied Digital Corporation   APLD declined 10.8% to $4.79 in pre-market trading following weak quarterly revenue.

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ALGM Allegro Microsystems Inc $19.32 -12.2%

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Price Trend

Short Medium Long Overview APLD Applied Digital Corp $4.79 -10.8% ARBB ARB IOT Group Ltd $0.8932 37.4% ARLO Arlo Technologies Inc $6.31 -30.4% CISO CISO Global Inc $0.4769 18.9% DMAC DiaMedica Therapeutics Inc $1.70 -52.0% EEX Emerald Holding Inc $3.10 -12.7% ERIC Telefonaktiebolaget L M Ericsson $7.94 6.58% GMHS Gamehaus Holdings Inc $1.49 12.9% GOVX Geovax Labs Inc $0.7000 -34.6% IRS IRSA Inversiones y Representaciones SA $12.31 -11.3% LION Lionsgate Studios Corp $8.00 28.4% LXP LXP Industrial Trust $8.50 10.7% NAYA NAYA Biosciences Inc $1.70 -24.8% SBEV Splash Beverage Group Inc $2.78 101.5% SNYR Synergy CHC Corp $2.65 48.0% SUNE SUNation Energy Inc $0.0353 23.0% UBFO United Security Bancshares $5.00 -34.1% UFI Unifi Inc $4.00 -17.0% USAR USA Rare Earth Inc $13.31 13.3% Got Questions? Ask Which telecom stocks could benefit from Ericsson's success? How will AI server demand impact tech stocks? What effect might energy sector growth have on new investments? Could Splash Beverage be a long-term growth opportunity? What implications does Synergy CHC's surge have for healthcare stocks? Are there emerging markets to watch for AI advancements? Which renewable energy companies could capitalize on current trends? How might Gamehaus Holdings continue to grow in this market? What risks does GeoVax Labs ' decline present for biotech investors? Could Allegro MicroSystems rebound after acquisition news? Powered By Market News and Data brought to you by Benzinga APIs

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